The Competition Commission of India (CCI) has approved the merger of Indiabulls Housing Finance Limited (IBHFL) and Indiabulls Commercial Credit Limited (ICCL) with Lakshmi Vilas Bank Limited (LVB). — Business Standard The board of Lakshmi Vilas Bank [in April] approved the merger of the private sec...

The ₹390-crore Madhu Jayanti International, which is primarily into the manufacture and export of value-added teas, is looking to ramp up its domestic business with its recent acquisition. The company acquired Eveready’s packet tea business and its brands — including Tez Red, Premium Gold and Jaago ...

metadesc: Khaitan & Co advised Kalpataru Power Transmission Limited (KPTL) led by a team of partner Shivanshu Thaplyal , principal associate Swathy Ramanath , associate Abhinav Mishra and associate Bhagirath Ashiya assisted by principal associate Jhinook Roy , associate Abhinav Rawat and associ...

Netcore Solutions Pvt. Ltd, which develops enterprise communication and digital marketing solutions, has acquired for an undisclosed amount Quinto.ai, which provides firms with chatbot services fuelled by artificial intelligence (AI). — VCCircle LegaLogic Consulting advised Quinto Technologies Priva...

Pest Control India, the shareholder of Thailand-based Canon Pest Management, sold its shares in Canon Pest Management in a 100% acquisition by global pest control major Rentokil. Spice Route Legal advised Pest Control India led by a team of managing partner Praveen Raju and associate Renuka Abraham ...

Larsen & Toubro Infotech on Thurday acquired Ruletronics, a pure-play Pega consulting and implementation company with offices in the UK, USA, and India for $7.48 million (Rs 53 crore). — Hindu Business Line Spice Route Legal advised Ruletronics Systems Pvt. Ltd. led by a team of managing partne...

Sydney-based infrastructure asset management group Macquarie Group Ltd is looking to acquire the solar power assets of Canadian Solar in India, said two people close to the development, requesting anonymity. Macquarie’s decision comes at a time when access to funds for renewable energy is drying up ...

The National Company Law Tribunal (NCLT) has approved the resolution plan submitted by of Embassy Property Developments to acquire debt-ridden Chennai-based mining company Tiffins Barytes Asbestos for around Rs 89.4 crore. Under the resolution plan, Embassy Property Developments will offer an upfron...

The resolution plan submitted by Dhanuka Laboratories Limited, a group company of Dhanuka Agritech Limited, to acquire Orchid Pharma Limited has been approved by NCLT, Chennai. Earlier, the resolution plan submitted by Ingen Capital LLC was annuled by NCLT, Chennai and a fresh round of bidding was o...

The board of directors of Aditya Birla Fashion and Retail Limited (ABFRL) has approved entering into a Share Purchase Agreement with the existing shareholders of TG Apparel & Decor Private Limited, to buy 100 per cent shares. TG Apparel is a B2C entity which retails ethnic fashion, both online ...

Music Broadcast Limited (MBL) acquired 24% of the equity share capital of Reliance Broadcast Network Limited (RBNL) by way of a preferential allotment for a total consideration of Rs 202 crores. After that, subject to the receipt of the approval from the Ministry of Information and Broadcasting, MBL...

IT services company Hexaware Technologies Ltd has acquired US-based digital services firm Mobiquity for $182 million in an all-cash deal, the company said in an exchange filing on Friday. — Mint J Sagar Associates advised the Indian acquirer parent company, Hexaware Technologies Limited , led by a t...

B&P advised QAL on acquisition of 100% of Charosa Wineries Limited from HCC Real Estate Limited, according to reports . Grover Zampa Vineyards Ltd and one of its investors, Dubai-based Quintela Assets Ltd, have bought Charosa Wineries Ltd for Rs 1.76 crore (around $250,000) from engineering and...

India’s largest liquor company United Spirits Ltd (USL) has agreed to sell its wholly-owned subsidiary Four Seasons Wines Ltd and associated brands to Grover Zampa Vineyards Ltd, the country’s second-largest winemaker in terms of volumes. The shares will be sold to Grover Zampa and Quintela Assets L...

Marston (Holdings) Limited bought 100% in Indian AI start-up LogicValley Technologies Private Limited. “Parktrade is Marston’s third acquisition of 2019, following that of air quality and moving traffic monitoring specialist, Videalert, and Indian artificial intelligence software developer Logic Val...

“Hema Engineering Industries Limited, an automotive parts manufacturing company, has successfully acquired two automotive manufacturing units of Omax Autos Limited, located at Haryana, on asset purchase basis, for an aggregate consideration of INR 130 crores. Hema, as a series of expanding its busin...

Vertafore, the leader in modern insurance technology, acquired VUE Software (VUE) in India and the US to complement its Sircon solutions and created the most powerful insurer distribution management platform in the industry, according to the company’s press release . Insurtech provider Vertafore has...

Aditya Birla Fashion and Retail Limited has acquired Jaypore, an ethnic apparel and accessories retailer, for Rs110 crore to enter the large but untapped market of traditional wear. Established in February 2012, Jaypore sells home decor, accessories, jewelry and had revenues of Rs39 crore in FY19. —...

NEW DELHI: Larsen & Toubro Infotech (LTI) Thursday said it has acquired Ruletronics for an enterprise value of USD 7.48 million (about Rs 53 crore). “The acquisition will strengthen the company’s rapidly growing digital business with a suite of capabilities in Pega implementation in establishin...

US-based electronic payments company ACI Worldwide … announced strategic investment in Mumbai-based digital payments firm Mindgate Solutions. — Business Standard HSA Advocates advised Mindgate Solutions Private Limited led by a team of partner Rachika A Sahay , along with associate Meghna Mishra and...